Indian stocks have been on a tear this year and the government's plan to implement its budget early could provide a further boost.
"Comments that the Indian government aims to implement its new budget from 1 April (three months early) should only add to the [positive] sentiment," said Chris Weston, market strategist at IG.
"This [Nifty 50 index] still has great upside potential. Naturally there will be corrections, but buyers continue to step in and pay up for the earnings, with improving fundamentals," he said.
India's Nifty 50 surged 32 percent year to date and is Asia's best performing index. By contrast, the second-best performing index, the Shenzhen Stock Exchange Composite index, is up 28.72 percent, while last year's standout, Japan's Nikkei, is only up 1.5 percent.
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The election of Prime Minister Narendra Modi in May and his promise to boost India's flagging economy through much-needed reforms underlie India's stock market rally.
In July, Modi announced a budget of structural reforms aimed at reviving growth. A decision to speed up the budget process by three months - announced on Saturday - could see some of these measures rolled out sooner than expected.
"What investors are realizing is that, in a world that is pretty short of growth, you are seeing the best opportunities in India," said Geoff Lewis, global market strategist at JP Morgan Asset Management.